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Apple’s iPhone Exports from India Cross $50 Billion till December 2025

Written by: Team Angel OneUpdated on: 5 Jan 2026, 6:53 pm IST
Apple’s India-made iPhone exports have crossed $50 billion during the PLI period, with shipments accelerating sharply in FY26.
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India’s smartphone manufacturing push under the production-linked incentive (PLI) scheme has delivered a major milestone, with iPhone exports emerging as the single largest contributor to the country’s electronics exports, as per news reports. 

Apple’s decision to expand its manufacturing footprint beyond China has significantly reshaped India’s role in global supply chains. 

Export Growth Accelerates Under PLI 

Apple Inc, through its Indian manufacturing partners, has exported iPhones worth more than $50 billion up to December 2025 since joining the smartphone PLI programme in FY22.  

With 3 months still remaining in the 5-year incentive window, the export figure is expected to rise further. 

It is reported that iPhone exports in the 1st 9 months of FY26 alone were close to $16 billion, pushing cumulative shipments past the $50 billion mark during the PLI tenure.  

While Apple had exported limited volumes earlier, the real acceleration came after it relocated a large part of its supplier ecosystem to India. 

Manufacturing Base and Supply Chain Impact 

At present, 5 factories manufacture iPhones in India, three operated by Tata Group entities and two by Foxconn. These anchor a wider supply chain of around 45 companies, including a significant number of MSMEs supplying components for both domestic assembly and global exports. 

Driven largely by iPhone shipments, smartphones accounted for nearly 75% of India’s total mobile phone exports and emerged as the country’s top export category in FY25, a sharp rise from their 167th rank a decade ago. 

Comparison With Global Peers 

Samsung Electronics, Apple’s closest global rival, exported nearly $17 billion worth of mobile phones from India during its applicable PLI period between FY21 and FY25.  

Samsung exited the scheme earlier than others after meeting its production targets in the first year, supported by its existing manufacturing base in the country. 

Apple and other manufacturers initially struggled to meet PLI thresholds due to the pandemic and supply disruptions, prompting the government to extend the scheme by a year.  

Companies were allowed to claim incentives for any five consecutive years within the 6-year framework, enabling Apple vendors to continue under FY22–FY26. 

Read More: Apple’s India iPhone Exports Hit Record $2 Billion in November! 

Conclusion 

Crossing $50 billion in exports marks a defining moment for India’s electronics manufacturing ambitions. With Apple deepening its supplier base and component manufacturing gaining momentum, India is increasingly positioning itself as a global production hub not just for finished devices, but also for high-value components serving worldwide markets. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

Published on: Jan 5, 2026, 1:23 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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